Absolute NNN Bank Ground
For Sale
Contact for pricing
2501 W North Avenue, Melrose Park, IL 60160
Corporate bank occupancy is supported by an absolute NNN ground lease at a signalized intersection.
Property Size4,146 SF
Price / SF$1,115
Days on Market8
Property Features for 2501 W North Avenue
General Information
Standard status
Active
Size
4,146 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$289,160
Additional Details
Corner Location
Yes
Building Details
Year Built
2006
Units
1
Tenancy
Single
Listing Agency:
Exclusive Realty
(248) 833-6601
Listed By:
Steve Sagmani · License #MI 6502426558
Source:
Crexi
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 9:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exclusive Realty
Investment Insights
Based on property information with market context.
This 4,146-square-foot bank building, completed in 2006, is occupied by Fifth Third Bank under an absolute NNN ground lease. The tenant funded construction of the improvements and has maintained occupancy for 20 years, providing a long operating history at the site.
The property occupies the signalized intersection of North Avenue and 25th Avenue in Melrose Park, Illinois. It is positioned 5 miles from O’Hare Airport and 14 miles from downtown Chicago. Fifth Third Bank has exercised its first renewal option, adding 5 years to the lease term.
The property occupies the signalized intersection of North Avenue and 25th Avenue in Melrose Park, Illinois. It is positioned 5 miles from O’Hare Airport and 14 miles from downtown Chicago. Fifth Third Bank has exercised its first renewal option, adding 5 years to the lease term.
Key Highlights
- 4,146‑square‑foot bank building completed in 2006
- Absolute NNN ground lease with Fifth Third Bank
- 20‑year historical tenant occupancy
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 42%
Shops & Services 11%
Electronics 3%
Food 4 Less
Groceries
32,141 visits/mo
0.1 miles
Starbucks
Dining
16,363 visits/mo
0.1 miles
Hooters
Dining
8,141 visits/mo
0.1 miles
El Azteca
Dining
4,706 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
4,043 visits/mo
0.2 miles
Demographics for 60160, IL
24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate bank occupancy is supported by an absolute NNN ground lease at a signalized intersection.
Where is this nnn property located?
The property is located at 2501 W North Avenue Melrose Park, IL.
What is the asking price?
The asking price for this property is $4,626,560.
What are key features of this property?
This property features: 4,146‑square‑foot bank building completed in 2006; Absolute NNN ground lease with Fifth Third Bank; 20‑year historical tenant occupancy
